EMC (NYSE:EMC), the global leader in disk storage systems market, continued to dominate the storage software market in the fourth quarter of 2011 with over 25% market share, according to research firm IDC. The storage software market increased to $3.8 billion during the quarter, up 10.5% over the same period last year. For 2011, EMC’s share stood at 24.7% of the global storage software market, up from 24.4% in 2010.
The total storage software market in 2011 was up 11.6% over 2010 to a record high of $14.2 billion.  Symantec (NASDAQ:SYMC), IBM (NYSE:IBM), and NetApp (NASDAQ:NTAP) held on to their 2nd, 3rd and 4th positions, respectively. We currently have a $41.12 Trefis price estimate for EMC, about 40% above the current market price.
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EMC’s Share in the Global Storage Software Market to Grow
EMC’s share in the global software market has increased significantly over the past few years as the firm has maintained its lead in the worldwide disk storage systems market and simultaneously expanded its storage software offerings.
While EMC’s share in the storage software market increased by only 30 basis points to 24.7% in 2011, its share in the external disk storage systems market jumped 3 percentage points to 28.5% during the same period.  As EMC continues to grow its share in the storage hardware market, it can leverage the same to boost its storage software sales. We expect EMC’s share in the storage software market will increase going forward, justifying a $41.12 Trefis price estimate for EMC.
*We are currently updating our model to reflect the changes in market share.Notes: